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CFTC moves to rewrite swap rules to cover prediction market event contracts
- CFTC moves to rewrite swap rules to cover prediction market event contracts — The CFTC has proposed rules that would codify sports, political, cultural and weather event contracts as federally regulated swaps, while carving conventional casino-style gambling products out of that definition. The agency says the change would clarify that event contracts fall within its exclusive jurisdiction under the Commodity Exchange Act. (CoinSpectator)
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